Endocoal Limited [ASX:EOC] – ENDOCOAL LIMITED ANNOUNCES A RECOMMENDED CASH OFFER FROM U&D MINING OF A$0.38 PER SHARE FOR 100% OF ENDOCOAL’S SHARE CAPITAL THROUGH A SCHEME OF ARRANGEMENT, 29 October 2012
Highlights – Endocoal has entered into a Scheme Implementation Agreement with U&D Mining Industry (Australia) Pty Ltd for the acquisition of 100% of the issued shares in Endocoal. – Shareholders to receive A$0.38 all cash consideration per share on successful completion. – Cash consideration represents a 70.6% premium to 1 month VWAP. – Crystallises value …